Europe is now the number one destination for hedge fund investors

Investors want to gain from recovering economies after ignoring the continent as it emerged from the eurozone debt crisis

Europe has overtaken the US and Asia to become the most popular destination for hedge funds investors — but a lack of funds is making it tricky for some to gain access to the bloc.

Deutsche Bank’s 16th annual alternative investment survey found that 37% of investors wanted to increase their exposure to funds targeting European assets this year. The figure is up from 17% in 2017 and means Europe has displaced the US as the most sought-after region.